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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OLN
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Stronger technical forecast for Olin Corporation stock price after Wednesday trading.
(Updated on May 01, 2024)

Hold candidate since May 01, 2024 PDF

The Olin Corporation stock price fell by -0.421% on the last day (Wednesday, 1st May 2024) from $52.28 to $52.06. During the last trading day the stock fluctuated 2.52% from a day low at $51.93 to a day high of $53.24. The price has fallen in 6 of the last 10 days and is down by -2.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -36 thousand shares and in total, 1 million shares were bought and sold for approximately $59.49 million.

Given the current short-term trend, the stock is expected to rise 6.32% during the next 3 months and, with a 90% probability hold a price between $55.35 and $64.83 at the end of this 3-month period.

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OLN Signals & Forecast

There are few to no technical positive signals at the moment. The Olin Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $52.97 and $56.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -12.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Olin Corporation stock

Olin Corporation finds support from accumulated volume at $51.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.31 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 3.12%.

Olin Corporation is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $49.40 (-5.11%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 20 which reduces the risk some. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (OLN) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Olin Corporation to open at $52.41, and during the day (based on 14 day Average True Range), to move between $50.71 and $53.41, which gives a possible trading interval of +/-$1.35 (+/-2.59%) up or down from last closing price. If Olin Corporation takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $51.35 (1.36%) than the resistance at $53.48 (2.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Olin Corporation stock A Buy?

Olin Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.501 Hold/Accumulate Upgraded

Predicted Opening Price for Olin Corporation of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$52.41 ( 0.672%) $52.06

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OLN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 53.72 3.19 %
R2 53.22 2.23 %
R1 52.91 1.63 %
Current price: 52.06
Support S1 51.91 -0.289 %
S2 51.60 -0.88 %
S3 51.10 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 57.15 9.78 %
R2 57.07 9.62 %
R1 53.48 2.73 %
Current price 52.06
Support S1 51.35 -1.36%
S2 51.15 -1.75%
S3 50.63 -2.75%

OLN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 May 08, 2024 Jun 14, 2024 $0.200 0.384%
2 Feb 21, 2024 Mar 06, 2024 Mar 15, 2024 $0.200 0.343%
3 Oct 26, 2023 Nov 08, 2023 Dec 08, 2023 $0.200 0.400%
4 Jul 27, 2023 Aug 09, 2023 Sep 08, 2023 $0.200 0.397%
5 Apr 27, 2023 May 10, 2023 Sep 08, 2023 $0.200 0.397%

FAQ

What is the symbol for Olin Corporation Stock and on which exchange is it traded?
The symbol for Olin Corporation is OLN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Olin Corporation Stock?
Olin Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Olin Corporation Stock?
Olin Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Olin Corporation Stock.

What's the current price of Olin Corporation Stock?
As of the end of day on the May 01, 2024, the price of an Olin Corporation (OLN) share was $52.06.

What is the 52-week high and low for Olin Corporation Stock?
The 52-week high for Olin Corporation Stock is $60.60 and the 52-week low is $41.71.

What is the market capitalization of Olin Corporation Stock?
As of the May 01, 2024, the market capitalization of Olin Corporation is 6.407B.

When is the next earnings date for Olin Corporation?
The upcoming earnings date for Olin Corporation is Jul 25, 2024.
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About Olin Corporation

Olin Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydro... OLN Profile

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